Grupo Supervielle (NYSE:SUPV) Reaches New 1-Year High - Here's Why

Grupo Supervielle S.A. (NYSE:SUPV - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $10.05 and last traded at $9.98, with a volume of 58574 shares traded. The stock had previously closed at $9.90.

Wall Street Analysts Forecast Growth

Separately, Bank of America upgraded shares of Grupo Supervielle from an "underperform" rating to a "neutral" rating and set a $7.00 price target for the company in a research report on Thursday, August 8th.

Grupo Supervielle Trading Up 0.6 %

The stock's fifty day moving average price is $8.20 and its 200 day moving average price is $7.23.

Grupo Supervielle (NYSE:SUPV - Get Free Report) last announced its quarterly earnings data on Wednesday, August 14th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.18 by $0.04. The firm had revenue of $276.87 million for the quarter. Grupo Supervielle had a net margin of 5.56% and a return on equity of 19.09%. As a group, sell-side analysts forecast that Grupo Supervielle S.A. will post 1.22 EPS for the current year.

Institutional Trading of Grupo Supervielle

A number of large investors have recently made changes to their positions in SUPV. Mak Capital One LLC boosted its position in Grupo Supervielle by 37.6% in the 2nd quarter. Mak Capital One LLC now owns 2,054,581 shares of the company's stock valued at $13,930,000 after buying an additional 561,720 shares during the period. Ping Capital Management Inc. bought a new position in shares of Grupo Supervielle during the 2nd quarter worth approximately $2,178,000. Acadian Asset Management LLC increased its stake in Grupo Supervielle by 563.5% during the 2nd quarter. Acadian Asset Management LLC now owns 201,552 shares of the company's stock valued at $1,366,000 after purchasing an additional 171,173 shares in the last quarter. Caxton Associates LP increased its stake in Grupo Supervielle by 114.2% during the 2nd quarter. Caxton Associates LP now owns 102,518 shares of the company's stock valued at $695,000 after purchasing an additional 54,651 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in Grupo Supervielle by 449.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 61,303 shares of the company's stock valued at $436,000 after purchasing an additional 50,138 shares in the last quarter.

Grupo Supervielle Company Profile

Grupo Supervielle SA, a financial services holding company, provides various banking products and services in Argentina. The company operates through Personal & Business Banking, Corporate Banking, Bank Treasury, Consumer Finance, Insurance, and Asset Management and Other Services segments. It offers savings accounts, time and demand deposits, and checking accounts; various loan products, including personal, consumer, mortgage, unsecured, and car loans; overdrafts; loans with special facilities for project and working capital financing; and leasing, bank guarantees for tenants, salary advances, domestic and international factoring, international guarantees and letters of credit, payroll payment plans, credit and debit cards, and senior citizens benefit payment services, as well as financial services and investments, such as mutual funds and guarantees.